Top 25 LTL Trucking Companies

The combined revenue of the 25 largest U.S. less-than-truckload carriers dropped 0.5 percent to $32.1 billion as the pace of the U.S. economic recovery slowed in 2015, the first year of revenue contraction for the carrier group since the recession. The JOC and SJ Consulting Group annually rank the Top 25 LTL trucking companies and track the sector’s progress toward economic recovery. The sudden hard stop in 2015 reflected an economic recovery that seemed to stumble over its 2014 success, but it still leaves the Top 25 LTL carriers just shy of 2014’s record revenue level of $32.3 billion. Overall, the decline in revenue may have had as much to do with falling fuel prices and surcharges as lower industrial demand and higher inventories. Altogether, the Top 25 LTL carriers account for 91.5 percent of total LTL trucking revenue, which SJ Consulting Estimates dropped 1 percent last year to $35.1 billion. This special topic page delivers the most recent JOC coverage of these 25 carriers and the LTL trucking sector.

 

Special Coverage

The strong surge in revenue U.S. less-than-truckload carriers enjoyed in 2014 ran out of gas last year, as weaker demand and lower fuel surcharges dragged down LTL trucking’s top line.

News & Analysis

02 Dec 2016
A stronger-than-expected third quarter for the US economy bolstered trucking employment, but trucking hiring is still knocking against a ceiling.
29 Nov 2016
Companies such as Old Dominion Freight Line, Estes Express Line, and Saia are adding terminals and doors. Can they add more freight and market share?
US shippers surveyed by the JOC, NASSTRAC, and Truckstop.com held a wide range of views on the probability of surface transportation pricing and volume increases in the coming months.
08 Nov 2016
US shippers surveyed by the JOC, NASSTRAC, and Truckstop.com expect slightly higher freight volumes over the next six months, but mostly flat rates — except truckload rates.
04 Nov 2016
Lower fuel surcharges, lighter shipments, acquisitions costs blamed for lower profit at less-than-truckload, logistics company.
04 Nov 2016
Trucking is doing better at hiring workers than previous employment data suggested, but still is bumping against a "hiring ceiling."
03 Nov 2016
Roadrunner’s push into the expedited shipping market over the last two years provided the trucking company an airbag to protect against crashing truckload and less-than-truckload volumes and rates in the third quarter.

Commentary

Despite the calm market in early 2016, a storm is forming that is going to hit the trucking industry. New regulations coming into play in the next several months and the increasing influence of a major retailer are prepped to cause significant turbulence in the U.S. trucking market.